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TAX REBATE FINANCING PROPOSAL REVIEW WORKSHEET <br /> <br /> T('I R; ("('tMPl PTI::i'I ltv (~ITY ~TAPI:: <br /> <br />1 The~roject meets the criteria set forth in Section V of the Tax Rebate Financing policy. <br /> 6/' a) Meets at least one of the objectives in Section III...~/o~,'.~ <br /> ~--'~" ~b) Demonstrates need for TRF with the but-~br analysis. <br /> ~ c) Consistent with all city plans and ordinances. <br /> f//- d) Serves at least two public purposes as defined in Section V. <br /> <br />2. Ratio of Private to Public Investment in Project: Points: <br /> <br />$ ~ r' ~ Pr{rate investment <br />$ ~-O'/~-'~5)Public Investment <br /> Ratio Private: Public Financing <br /> <br />Less than <br /> <br />3. Job Creation in the City of Elk River. <br />~ Number of new jobs as a result of the project. <br /> /~- Number of e:dstmg/retamed jobs <br /> Total <br /> <br />Less than <br /> <br />4. Ratio of TRF to new jobs created/retained: <br />$ ~0/, ~-~_0 TRF request <br /> ./'~ Number of new jobs created/retained <br />$ ./_~,, ~/_~'"' of TRF per new job created/retained <br /> <br />5. Wage Level of jobs created: <br />Average hourly wage ~z/~ <br />of jobs created/retained: /o <br /> <br />6. Project size: <br />The project will result in the construction <br />of square feet ~O~ O(D© <br /> <br />5:1 5 <br />4:1 4 <br />3:1 3 <br />2:1 2 <br /> <br />Points: <br /> <br />25+ 5 <br />20+ 4 <br /> <br />10+ 2 <br />10 1 <br /> <br />Points: ~' <br />$8,000 or less 5 <br />$10,000 or less 4 <br />$12,000 or less 3 <br /> <br />Over $15,000 1 <br /> <br /> __..,~.,r-Points: ..... <br /> $21/hour <br /> $ 8-21 / hour <br />~.__~14-17 / hour <br /> <br /> $10-13 / hour <br />Under $10 / hour <br /> <br />4 <br />3 <br />2 <br />1 <br /> <br /> Points: <br />40,000+ 5 <br />30_,001).+ 4 <br /> <br />10,000+ 2 <br />10,000 or less <br /> <br />City of Elk River <br />T~u,: Rebate Fmanch~g PoliCy, Amended August 2002 <br /> <br />-12- <br /> <br /> <br />